NCUA Chairman Debbie Matz (right) and Denise McGlone (left), EVP/CFO at Affinity FCU, discuss credit union issues following the chairman’s Q&A session at the NJCUL Annual Conference. Matz fielded some pointed questions from the audience regarding the NCUA’s examination process and what ever happened to the former director of the Office of Corporate Credit Unions, Kent Buckham.

ATLANTIC CITY, N.J. — The Consumer Financial Protection Bureau is churning out regulations. The question, according to Rob Rutkowski who’s a partner in the law firm of Weinberg & Reis Co. LPA, is whether credit unions are ready for compliance.

While only financial institutions over $10 billion in assets receive direct oversight from the CFPB, the rest are still required to comply with them. 

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